Apple (
AAPL) may not be “doomed,” but it certainly is dealing with
some of the toughest competition that we’ve seen in a long time.
CNET points us to a new note written by Citi analyst Glen Yeung claiming that demand for the iPhone 5 has softened and that the
iPad mini is cannibalizing sales of the 9.7-inch iPad, thus limiting
Apple’s ability to sell larger tablets. As a result of this, Yeung has cut his iPhone sales estimate to 34 million from 35 million this quarter, while also slashing his total June-quarter iPad sales estimate from 19.6 million to 19 million.
Continue reading…